SpaceX to buy AI coding assistant Cursor for $60 billion

SpaceX, fresh off its blockbuster initial public offering last week, said on Tuesday that it is buying artificial coding assistant Cursor for $60 billion in stock, according to a securities filing . Elon Musk's space exploration and satellite company said Cursor, developed by San Francisco startup Anysphere, will become a wholly owned subsidiary when the deal closes in the third quarter of 2026. Launched only in 2022, Cursor helped spark a trend called "vibe coding" as AI coding tools have become increasingly capable of autonomously producing computer software. —This is breaking news and will be updated. Edited by Alain Sherter The Associated Press contributed to this report.